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Income Tax - Highlights / Catch Notes

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Benefit u/s 42 - business for prospecting, etc., for mineral oil ...


Court Rules No Benefit Entitlement u/s 42 for Mineral Oil Prospecting Based on Letters Alone.

July 30, 2013

Case Laws     Income Tax     HC

Benefit u/s 42 - business for prospecting, etc., for mineral oil - no legal right on the basis of the letters accrues/arises - no statement or promise that advantage u/s 42 would be available to the successful bidder was promised or made - HC

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